Oil prices slides 3% as U.S.-China trade war escalates
Oil prices fell nearly 3% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world’s two largest economies.
Worldpay charges, disclosed in fine print, anger small U.S. merchants
Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers’ credit and debit card payments without…
Powell says Fed will ‘act as appropriate’ but offers little more guidance
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut …
For world’s central banks, a call to hang together
Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world’s major economies grew closer together.
Powell: Fed to act as appropriate to keep expansion going
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut …
China strikes back at U.S. with new tariffs on $75 billion in goods
China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.
Powell: Fed to act as appropriate to keep expansion going
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut …
For world’s central banks, a call to hang together
Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world’s major economies grew closer together.
China’s tariff blow weighs on Wall Street, Powell speech in focus
U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell.
U.S. new home sales drop sharply, point to more housing weakness
Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.
